World Mining Services Ltd

October 01, 2010 10:47 ET

Market Update

1 October 2010
                          Silvanus One Plc formerly World Mining Services Limited
                                       ("Silvanus One" or the "Company")
Following  the approval from Shareholders at the General Meeting held on 11 August, the Company is  pleased
to  announce  its  name  change from World Mining Services Limited to Silvanus One Plc  and  the  issue  of
10,000,000 new ordinary shares at the price of 0.2 pence per share to Marcus Yeoman, Executive Chairman  of
the Company.

Additionally, as stated in the Resolutions passed at the General Meeting on 11 August 2010, the Company has
repurchased and cancelled an additional 19,448,350 ordinary shares.

Following the issue and cancellation of shares, the Company now has a total issued share capital of
46,856,353 ordinary shares. Marcus Yeoman holds 10,000,000 shares in the Company, representing 21.34% of
issued share capital of the Company.

The Company was also notified today that Jeffrey Michel has sold 2,482,766 shares in the Company to Graham
Weston and 2,000,000 shares to Worship Street Investments Plc. As a result, Jeffrey Michel no longer has a
disclosable interest in the Company. Worship Street Investments now holds 9,117,392 shares representing
19.45% of the issued share capital of the Company and Graham Weston now holds 6,201,285 shares representing
13.23% of the issued share capital.

The Directors of the issuer accept responsibility for this announcement.



Silvanus One Plc                Tel:  +44(0)797 002 8442
Marcus Yeoman

Rivington Street Corporate Finance Ltd   Tel: +44(0)20 7562 3373
Eran Zucker

Contact Information

  • World Mining Services Ltd